X

Feedback + Support

Need Assistance? Notice something missing or broken? Let us know!

Press esc to dismiss

project icon for golem

Golem

GNT
$0.07175
-9.72%
Negative delta icon

Golem is a platform built on a peer-to-peer network that sources computing infrastructure in a decentralized manner to create a global market for computation.

Overview

Project Stage

Live status icon

Amount Raised

$8,594,994.00

Market Cap

$71MM

Sector

Distributed Computing

Blockchain

Ethereum token icon

Ethereum

Funding Source

Token Sale

Project Profile

Golem is a project to build a global, P2P supercomputer using the Ethereum network. Its end goal is to create a global market for computation, where anyone can buy and sell computation in real-time. Golem positions itself as an additional way that current cloud providers and data centers (Amazon, Microsoft and IBM) could interact with their customers, rather than competing with those providers directly. Currently, however, Golem represents a decentralized alternative to established, resource-rich IaaS and PaaS heavyweights. This contributes to making Golem’s undertaking an ambitious one.

Golem is lead by Julian Zawisowski (CEO) and Andrzej Regulski (COO), who have been working together since 2008 – first at Polish economic think-tank IBS, and then at Imapp, a consulting and software development company they founded together in 2013. As Imapp, they went on to contract for the Ethereum Foundation as well as Omise’s Blockchain Lab, affording them the opportunity to work with other blockchain technologies including Factom, Hydrachain and Raiden. Imapp has also been working on Black Vision, a real-time rendering engine for Polish production company Blackburst, making CGI rendering a logical use-case focus for the project. Piotr Janiuk (CTO) is credited in the whitepaper as the “father of Black Vision”, along with a long list of pioneering technical achievements.

The project is currently in the beta phase of “Brass Golem”, a proof-of-concept version focusing on the CGI rendering use case. “Clay Golem”, the next phase in Golem’s long term roadmap, will include NVIDIA GPU support, allowing users to contribute computational power utilizing their video cards. Golem is collaborating with the Intel SGX and Graphene projects to allow users with sensitive data to more securely utilize Golem for its computational services.

Protocol Details

Golem provides a P2P network of computing power. Users download Golem software, which runs in the background and creates a virtual environment. People who need computational resources, such as for CGI rendering, can send jobs to Golem, which breaks them into smaller discrete tasks and uses the virtual environments to execute them. Computers are compensated in GNT based on how much they contribute to the task. In the short run, Golem will primarily be an input-output process — people send jobs to the network and get back results–and is more accurately thought of as a distributed supercomputer, not a cloud service. Enabling reliable, real-time access to untrusted computers around the world will take much more technical work and is a use case scheduled for later phases of Golem.

Payments on the Golem network are secured and facilitated by the Ethereum blockchain. Golem’s ‘Application Registry’, an Ethereum smart contract, enables anyone to deploy software to the network, with Golem’s ‘Transaction Framework’ enabling more advanced trustless payment schemes, such as a micropayment model that allows for payments to slowly accumulate as computer suppliers perform small tasks. Together, these two components aim to create an environment conducive to rapid, community-driven innovation. The Ethereum blockchain also helps Golem convey information between the ecosystem’s three user groups: requesters demanding computing resource, providers supplying hardware infrastructure, and software developers creating applications which enable utilization of network resources.

A major long term goal for such a decentralized marketplace, according to Golem’s whitepaper, is to disrupt price inefficiencies that are a product of current market’s oligopolistic character. CGI rendering, big data analytics, and machine learning could become more accessible were Golem to succeed in correcting for (alleged) price inefficiencies through its marketplace. On the other hand, advances in computing or storage technologies alone could lower the costs for such services, with some early observers predicting that cloud storage will be a ‘race to zero.’ Such predictions have not born out: an informal comparison of computation and storage price trends found that, while Google’s cloud computing service costs dropped 20% between 2014-2016, it dropped only 5% between 2016-2018. The same survey found that neither Google’s cloud storage services nor Digital Ocean’s cloud services package pricing changed since 2014.

Apart from the major cloud IaaS, PaaS and SaaS providers, such as Amazon, Microsoft and IBM, as well as public grid computing platforms, Golem will face competition from niche service providers, like centralized CGI rendering farms and open-source distributed computing projects (SETI@home and Folding@home). Golem’s crypto competitors include SONM and Holochain. At time of writing, according to Golem’s network statistics, 235 nodes are active, with some nodes having completed up to 3500 computation tasks. Hoard, a platform offering game development tools and a virtual goods marketplace, has announced that its Code Compiler tool will be powered by Golem. In comparison, SONM has 457 workers with 229,000 completed deals, and partnerships with POSTKINO FX and Teleport.

Asset Details

The Golem Network Token (GNT) is an ERC-20 token which acts as an exclusive medium of exchange between Golem ecosystem participants—the GNT token is the sole means of payment on the network. GNT is used by requesters to compensate providers and software developers for resource and application usage respectively. GNT will also be necessary for other processes involving the application registry and transaction framework once they are fully implemented—hypothetically, GNT could be used in submission of deposits by software developers during the process of software validation and certification.

project icon for golem

Golem

GNT
$0.07175
-9.72%
Negative delta icon
Golem is a platform built on a peer-to-peer network that sources computing infrastructure in a decentralized manner to create a global market for computation.

Overview

STATUS

MARKET CAP

BLOCKCHAIN

TOKEN TYPE

Live status icon
Live
$71MM
Ethereum token icon

Ethereum

N/A

FUNDING SOURCE

AMOUNT RAISED

SECTOR

Token Sale

$9MM

Distributed Computing

Project Profile

Golem is a project to build a global, P2P supercomputer using the Ethereum network. Its end goal is to create a global market for computation, where anyone can buy and sell computation in real-time. Golem positions itself as an additional way that current cloud providers and data centers (Amazon, Microsoft and IBM) could interact with their customers, rather than competing with those providers directly. Currently, however, Golem represents a decentralized alternative to established, resource-rich IaaS and PaaS heavyweights. This contributes to making Golem’s undertaking an ambitious one.

Golem is lead by Julian Zawisowski (CEO) and Andrzej Regulski (COO), who have been working together since 2008 – first at Polish economic think-tank IBS, and then at Imapp, a consulting and software development company they founded together in 2013. As Imapp, they went on to contract for the Ethereum Foundation as well as Omise’s Blockchain Lab, affording them the opportunity to work with other blockchain technologies including Factom, Hydrachain and Raiden. Imapp has also been working on Black Vision, a real-time rendering engine for Polish production company Blackburst, making CGI rendering a logical use-case focus for the project. Piotr Janiuk (CTO) is credited in the whitepaper as the “father of Black Vision”, along with a long list of pioneering technical achievements.

The project is currently in the beta phase of “Brass Golem”, a proof-of-concept version focusing on the CGI rendering use case. “Clay Golem”, the next phase in Golem’s long term roadmap, will include NVIDIA GPU support, allowing users to contribute computational power utilizing their video cards. Golem is collaborating with the Intel SGX and Graphene projects to allow users with sensitive data to more securely utilize Golem for its computational services.

Protocol Details

Golem provides a P2P network of computing power. Users download Golem software, which runs in the background and creates a virtual environment. People who need computational resources, such as for CGI rendering, can send jobs to Golem, which breaks them into smaller discrete tasks and uses the virtual environments to execute them. Computers are compensated in GNT based on how much they contribute to the task. In the short run, Golem will primarily be an input-output process — people send jobs to the network and get back results–and is more accurately thought of as a distributed supercomputer, not a cloud service. Enabling reliable, real-time access to untrusted computers around the world will take much more technical work and is a use case scheduled for later phases of Golem.

Payments on the Golem network are secured and facilitated by the Ethereum blockchain. Golem’s ‘Application Registry’, an Ethereum smart contract, enables anyone to deploy software to the network, with Golem’s ‘Transaction Framework’ enabling more advanced trustless payment schemes, such as a micropayment model that allows for payments to slowly accumulate as computer suppliers perform small tasks. Together, these two components aim to create an environment conducive to rapid, community-driven innovation. The Ethereum blockchain also helps Golem convey information between the ecosystem’s three user groups: requesters demanding computing resource, providers supplying hardware infrastructure, and software developers creating applications which enable utilization of network resources.

A major long term goal for such a decentralized marketplace, according to Golem’s whitepaper, is to disrupt price inefficiencies that are a product of current market’s oligopolistic character. CGI rendering, big data analytics, and machine learning could become more accessible were Golem to succeed in correcting for (alleged) price inefficiencies through its marketplace. On the other hand, advances in computing or storage technologies alone could lower the costs for such services, with some early observers predicting that cloud storage will be a ‘race to zero.’ Such predictions have not born out: an informal comparison of computation and storage price trends found that, while Google’s cloud computing service costs dropped 20% between 2014-2016, it dropped only 5% between 2016-2018. The same survey found that neither Google’s cloud storage services nor Digital Ocean’s cloud services package pricing changed since 2014.

Apart from the major cloud IaaS, PaaS and SaaS providers, such as Amazon, Microsoft and IBM, as well as public grid computing platforms, Golem will face competition from niche service providers, like centralized CGI rendering farms and open-source distributed computing projects (SETI@home and Folding@home). Golem’s crypto competitors include SONM and Holochain. At time of writing, according to Golem’s network statistics, 235 nodes are active, with some nodes having completed up to 3500 computation tasks. Hoard, a platform offering game development tools and a virtual goods marketplace, has announced that its Code Compiler tool will be powered by Golem. In comparison, SONM has 457 workers with 229,000 completed deals, and partnerships with POSTKINO FX and Teleport.

Asset Details

The Golem Network Token (GNT) is an ERC-20 token which acts as an exclusive medium of exchange between Golem ecosystem participants—the GNT token is the sole means of payment on the network. GNT is used by requesters to compensate providers and software developers for resource and application usage respectively. GNT will also be necessary for other processes involving the application registry and transaction framework once they are fully implemented—hypothetically, GNT could be used in submission of deposits by software developers during the process of software validation and certification.

Recent News

Golem leadership launches the auxillliary Golem Foundation, focused on alternative research and funded by the ICO treasury

June 28, 2019

Sources:

CoinDesk
Show projects Article List
Sort icon: direction descending
Profile Updated
84d
Project details updated.
No icon fallback
ALTG
Profile Updated
84d
Project details updated.
Project Added as Signal
97d
Project details updated.
Profile Updated
97d
Project details updated.
Profile Updated
98d
Project details updated.
project icon for beam
BEAM
Profile Updated
98d
Project details updated.
Profile Updated
103d
Project details updated.
Profile Updated
103d
Project details updated.
project icon for qtum
QTUM
Profile Updated
108d
Project details updated.
Profile Updated
108d
Project details updated.
Profile Updated
109d
Project details updated.
project icon for aion
AION
Profile Updated
109d
Project details updated.
Profile Updated
110d
Project details updated.
project icon for grin
GRIN
Profile Updated
110d
Project details updated.
Profile Updated
111d
Project details updated.
Profile Updated
111d
Project details updated.
Profile Updated
115d
Project details updated.
project icon for kadena
KADENA
Profile Updated
115d
Project details updated.
project icon for chia
CHIA
Profile Updated
117d
Project details updated.
project icon for waves
WAVES
Profile Updated
117d
Project details updated
Profile Updated
119d
Project details updated.
Profile Updated
119d
Project details updated.
Profile Updated
122d
Project details updated.
No icon fallback
KLAY
Profile Updated
122d
Project details updated.
Profile Updated
123d
Project details updated.
project icon for neo
NEO
Profile Updated
123d
Project details updated.
Profile Updated
124d
Project details updated.
Profile Updated
124d
Project details updated.
project icon for aelf
ELF
Profile Updated
125d
Project details updated.
project icon for eos
EOS
Profile Updated
125d
Project details updated.
Profile Updated
126d
Project details updated.
Profile Updated
126d
Project details updated.
project icon for storj
STORJ
Profile Updated
130d
Project details updated.
Profile Updated
131d
Project details updated.
Profile Updated
131d
Project details updated.
project icon for zrx
ZRX
Profile Updated
132d
Project details updated.
project icon for tether
USDT
Profile Updated
132d
Project details updated.
project icon for wax
WAXP
Profile Updated
133d
Project details updated.
Profile Updated
133d
Project details updated.
Profile Updated
136d
Project details updated.
Profile Updated
136d
Project details updated.
Profile Updated
137d
Project details updated.
project icon for tzero
TZEROP
Profile Updated
137d
Project details updated.
Profile Updated
138d
Project details updated.
Profile Updated
138d
Protocol and asset details updated.
project icon for skale
SKALE
Project Added as Signal
138d
SKALE is an Ethereum Layer 2 scalability protocol facilitating the formation and operation of on-demand elastic sidechains.
Project Added as Signal
157d
TrueBit is a distributed marketplace for off-chain computation of resource-intensive smart contracts, verifying proper results using a game theory-based incentive structure rather than cryptographic proofs.
Project Added as Signal
168d
Spacemesh is a cryptocurrency and smart contract platform operating on directed acyclic graph infrastructure and utilizing a Proof-of-Spacetime consensus algorithm that intends to achieve a more equitable distribution of mining rights by decoupling the conferment thereof with access to financial means.
No icon fallback
BZRX
Project Added as Signal
171d
bZx is an Ethereum-based, decentralized cryptoasset lending protocol that facilitates margin trading of ETH and ERC-20 tokens.
Project Added as Signal
174d
Oasis Network is a permissionless, blockchain-based cloud computing platform that aims to improve upon the scalability and privacy of its peers through novel architecture.
Project Added as Signal
185d
FTX is a cryptoasset derivatives exchange, powered by a proprietary liquidation engine and clawback prevention protocol, offering futures, leveraged tokens and an over-the-counter trading portal.
Project Added as Signal
189d
ThunderCore is a permissionless, Turing-complete smart contract platform offering full EVM-compatibility and PaLa, a new variant of Proof-of-Stake consensus, as its distinguishing features.
Project Added as Signal
192d
Santiment is a blockchain data and analytics provider offering content streams, data feeds and analysis, APIs and its own ERC-20 token, SAN.
Project Added as Signal
206d
Nexus Mutual is a blockchain-based, protocol-enabled mutual insurance fund operating on Ethereum and owned entirely by its members, who buy into the fund by purchasing NXM tokens.
Project Added as Signal
234d
Gods Unchained is a decentralized trading card game that uses the ERC-721 non-fungible token standard to establish on-chain ownership of cards to be used in off-chain gameplay.
Project Added as Signal
244d
Synthetix is a decentralized synthetic asset issuance protocol consisting of an Ethereum-based smart contract, an exchange, and a dApp to facilitate smart contract interaction.
project icon for zrx
ZRX
Profile Updated
250d
Update on 0x v3, including protocol fees, staking incentives, and liquidity pooling with Uniswap, Kyber, and Oasis.
No icon fallback
LUNA
Project Added as Signal
258d
Terra is an algorithmically-governed, seigniorage share style stablecoin blockchain platform to which a collection of fiat-pegged tokens and a stabilizing cryptoasset, Luna, are native.
Profile Updated
275d
Stellar Development Foundation burns 55 billion XLM from its reserves, over half of the total supply, and removes the ongoing inflation to current token holders. The SDF had previously earmarked these tokens for community airdrops and ongoing organization funding.
Project Added as Signal
290d
Nervos is a public, PoW-based smart contract platform that utilizes off-chain computation in service of transaction scalability and implements a unique token emissions mechanic that imposes a perpetual cost for on-chain data storage.
Profile Updated
301d
Supply Information added.
project icon for beam
BEAM
Profile Updated
304d
Supply Information added.
project icon for grin
GRIN
Profile Updated
304d
Supply Information added.
Profile Updated
307d
Supply Information added.
Profile Updated
307d
Supply Information added.
project icon for siacoin
SC
Profile Updated
307d
Mining Information added.
project icon for dash
DASH
Profile Updated
308d
Mining and Supply Information added.
Profile Updated
308d
Mining and Supply Information added.
Profile Updated
311d
Mining and Supply information added.
Profile Updated
312d
Mining and Supply Information added.
project icon for kin
KIN
Project Removed as Signal
319d
Kin removed as Signal.
project icon for simple
OST
Project Added as Signal
319d
OST added as Signal.
Profile Updated
333d
Signal profile updated.
Project Added as Signal
347d
Edgeware added as Signal.
Profile Updated
349d
Ethereum Classic profile added.
project icon for steem
STEEM
Profile Updated
361d
Signal profile updated.
Profile Updated
361d
Signal profile updated.
project icon for neo
NEO
Profile Updated
361d
Signal profile updated.
No icon fallback
KLAY
Project Added as Signal
361d
Klaytn added as Signal.
No icon fallback
ALTG
Project Added as Signal
367d
Althea added as Signal.
Profile Updated
374d
Signal profile updated.
No icon fallback
UMA
Project Added as Signal
381d
UMA added as Signal.
No icon fallback
LIBRA
Project Added as Signal
382d
Libra added as Signal.
Project Added as Signal
387d
Chainlink added as Signal.
Profile Updated
393d
Signal profile updated.
Profile Updated
400d
Signal profile updated.
project icon for chia
CHIA
Profile Updated
405d
Signal profile updated.
project icon for bitfinex-leo
LEOTOKEN
Project Added as Signal
411d
Bitfinex LEO added as Signal.
project icon for coda
CODA
Profile Updated
417d
Signal profile updated.
Project Added as Signal
423d
Paxos added as Signal.
project icon for celo
CELO
Project Added as Signal
429d
Celo added as Signal.

You've reached the end of the list

project icon for golem

Golem

GNT
$0.07175
-9.72%
Negative delta icon
Golem is a platform built on a peer-to-peer network that sources computing infrastructure in a decentralized manner to create a global market for computation.

Overview

STATUS

MARKET CAP

BLOCKCHAIN

TOKEN TYPE

Live status icon
Live
$71MM
Ethereum token icon

Ethereum

N/A

FUNDING SOURCE

AMOUNT RAISED

SECTOR

Token Sale

$9MM

Distributed Computing

Project Profile

Golem is a project to build a global, P2P supercomputer using the Ethereum network. Its end goal is to create a global market for computation, where anyone can buy and sell computation in real-time. Golem positions itself as an additional way that current cloud providers and data centers (Amazon, Microsoft and IBM) could interact with their customers, rather than competing with those providers directly. Currently, however, Golem represents a decentralized alternative to established, resource-rich IaaS and PaaS heavyweights. This contributes to making Golem’s undertaking an ambitious one.

Golem is lead by Julian Zawisowski (CEO) and Andrzej Regulski (COO), who have been working together since 2008 – first at Polish economic think-tank IBS, and then at Imapp, a consulting and software development company they founded together in 2013. As Imapp, they went on to contract for the Ethereum Foundation as well as Omise’s Blockchain Lab, affording them the opportunity to work with other blockchain technologies including Factom, Hydrachain and Raiden. Imapp has also been working on Black Vision, a real-time rendering engine for Polish production company Blackburst, making CGI rendering a logical use-case focus for the project. Piotr Janiuk (CTO) is credited in the whitepaper as the “father of Black Vision”, along with a long list of pioneering technical achievements.

The project is currently in the beta phase of “Brass Golem”, a proof-of-concept version focusing on the CGI rendering use case. “Clay Golem”, the next phase in Golem’s long term roadmap, will include NVIDIA GPU support, allowing users to contribute computational power utilizing their video cards. Golem is collaborating with the Intel SGX and Graphene projects to allow users with sensitive data to more securely utilize Golem for its computational services.

Protocol Details

Golem provides a P2P network of computing power. Users download Golem software, which runs in the background and creates a virtual environment. People who need computational resources, such as for CGI rendering, can send jobs to Golem, which breaks them into smaller discrete tasks and uses the virtual environments to execute them. Computers are compensated in GNT based on how much they contribute to the task. In the short run, Golem will primarily be an input-output process — people send jobs to the network and get back results–and is more accurately thought of as a distributed supercomputer, not a cloud service. Enabling reliable, real-time access to untrusted computers around the world will take much more technical work and is a use case scheduled for later phases of Golem.

Payments on the Golem network are secured and facilitated by the Ethereum blockchain. Golem’s ‘Application Registry’, an Ethereum smart contract, enables anyone to deploy software to the network, with Golem’s ‘Transaction Framework’ enabling more advanced trustless payment schemes, such as a micropayment model that allows for payments to slowly accumulate as computer suppliers perform small tasks. Together, these two components aim to create an environment conducive to rapid, community-driven innovation. The Ethereum blockchain also helps Golem convey information between the ecosystem’s three user groups: requesters demanding computing resource, providers supplying hardware infrastructure, and software developers creating applications which enable utilization of network resources.

A major long term goal for such a decentralized marketplace, according to Golem’s whitepaper, is to disrupt price inefficiencies that are a product of current market’s oligopolistic character. CGI rendering, big data analytics, and machine learning could become more accessible were Golem to succeed in correcting for (alleged) price inefficiencies through its marketplace. On the other hand, advances in computing or storage technologies alone could lower the costs for such services, with some early observers predicting that cloud storage will be a ‘race to zero.’ Such predictions have not born out: an informal comparison of computation and storage price trends found that, while Google’s cloud computing service costs dropped 20% between 2014-2016, it dropped only 5% between 2016-2018. The same survey found that neither Google’s cloud storage services nor Digital Ocean’s cloud services package pricing changed since 2014.

Apart from the major cloud IaaS, PaaS and SaaS providers, such as Amazon, Microsoft and IBM, as well as public grid computing platforms, Golem will face competition from niche service providers, like centralized CGI rendering farms and open-source distributed computing projects (SETI@home and Folding@home). Golem’s crypto competitors include SONM and Holochain. At time of writing, according to Golem’s network statistics, 235 nodes are active, with some nodes having completed up to 3500 computation tasks. Hoard, a platform offering game development tools and a virtual goods marketplace, has announced that its Code Compiler tool will be powered by Golem. In comparison, SONM has 457 workers with 229,000 completed deals, and partnerships with POSTKINO FX and Teleport.

Asset Details

The Golem Network Token (GNT) is an ERC-20 token which acts as an exclusive medium of exchange between Golem ecosystem participants—the GNT token is the sole means of payment on the network. GNT is used by requesters to compensate providers and software developers for resource and application usage respectively. GNT will also be necessary for other processes involving the application registry and transaction framework once they are fully implemented—hypothetically, GNT could be used in submission of deposits by software developers during the process of software validation and certification.

Recent News

Golem leadership launches the auxillliary Golem Foundation, focused on alternative research and funded by the ICO treasury

June 28, 2019

Sources:

CoinDesk